Plug Power Inc., an alternative energy technology provider, engages in the design, development, commercialization, and manufacture of hydrogen and fuel cell systems for the material handling and stationary power markets primarily in North America and Europe. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and related hydrogen storage and dispensing infrastructure. The company offers GenDrive, a hydrogen fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a hydrogen fueling delivery, generation, storage, and dispensing systems; GenCare, which is an ongoing maintenance program for GenDrive fuel cells, GenSure products, GenFuel products, and ProGen engines; and GenSure, a stationary fuel cell solution that provides scalable modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, a turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology that is used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; and GenFund, which offers financing solutions to customers. The company offers its products to distribution and manufacturing businesses, and government agencies through direct product sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was founded in 1997 and is headquartered in Latham, New York.
Industry, Sector and Symbol
Industry Electrical industrial apparatus
Sub-IndustryN/A
SectorIndustrial Products
Phone518-782-7700
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$174.63 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date5/8/2019 (Estimated)
OptionableOptionable
Plug Power (NASDAQ:PLUG) Frequently Asked Questions
What is Plug Power's stock symbol?
Plug Power trades on the NASDAQ under the ticker symbol "PLUG."
How were Plug Power's earnings last quarter?
Plug Power Inc (NASDAQ:PLUG) issued its quarterly earnings results on Thursday, March, 7th. The electronics maker reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.05) by $0.03. The electronics maker had revenue of $59.80 million for the quarter, compared to analysts' expectations of $58.40 million. Plug Power had a negative net margin of 42.87% and a negative return on equity of 289.96%. Plug Power's revenue for the quarter was up 77.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.08) EPS. View Plug Power's Earnings History.
When is Plug Power's next earnings date?
What price target have analysts set for PLUG?
6 brokerages have issued 1 year price targets for Plug Power's stock. Their forecasts range from $1.30 to $4.00. On average, they anticipate Plug Power's share price to reach $2.80 in the next year. This suggests a possible upside of 18.6% from the stock's current price. View Analyst Price Targets for Plug Power.
What is the consensus analysts' recommendation for Plug Power?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Plug Power in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Plug Power.
What are Wall Street analysts saying about Plug Power stock?
Here are some recent quotes from research analysts about Plug Power stock:
- 1. According to Zacks Investment Research, "Plug Power Inc. is a leading provider of alternative energy technology focused on the design, development, commercialization and manufacture of hydrogen fuel cell systems used primarily for the material handling and stationary power market. They are focused on proton exchange membrane, or PEM, fuel cell and fuel processing technologies, fuel cell/battery hybrid technologies, and associated hydrogen storage and dispensing infrastructure from which multiple products are available. They sell and continue to develop fuel cell product solutions to replace lead-acid batteries in material handling vehicles and industrial trucks for some of North America's largest distribution and manufacturing businesses. Their current product line includes: GenDrive, GenFuel, GenCare, ReliOn, and GenKey. " (3/21/2019)
- 2. HC Wainwright analysts commented, "We are projecting the company to grow its topline at a seven-year CAGR of 22.1%, from $184.4M in 2018 to $746.7M in 2025. We believe that the company should be able to grow its gross margins from 17.0% in 4Q18 to over 35.0% in 2023 as revenues rise. We expect PLUG’s operating expenses to grow modestly at a seven-year CAGR of 3.1%, from $71.8M in 2018 to $89.0M in 2025. We expect the company to realize breakeven adjusted EBITDAS during the second half of 2019. We continue to believe that the company will generate net profits during 2020 and beyond." (1/10/2019)
Has Plug Power been receiving favorable news coverage?
Media stories about PLUG stock have been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Plug Power earned a news impact score of -1.2 on InfoTrie's scale. They also assigned news articles about the electronics maker a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future.
Are investors shorting Plug Power?
Plug Power saw a increase in short interest in February. As of February 28th, there was short interest totalling 40,492,610 shares, an increase of 3.7% from the February 15th total of 39,043,961 shares. Based on an average daily trading volume, of 3,133,893 shares, the days-to-cover ratio is presently 12.9 days. Approximately 17.6% of the shares of the company are sold short. View Plug Power's Current Options Chain.
Who are some of Plug Power's key competitors?
What other stocks do shareholders of Plug Power own?
Who are Plug Power's key executives?
Plug Power's management team includes the folowing people:
- Mr. George C. McNamee, Co-Founder & Chairman (Age 72)
- Mr. Andrew J. Marsh, Pres, CEO & Director (Age 63)
- Mr. Paul B. Middleton, Sr. VP & CFO (Age 52)
- Mr. Keith C. Schmid, Sr. VP & COO (Age 56)
- Mr. Gerard L. Conway Jr., Sr. VP, Gen. Counsel & Corp. Sec. (Age 54)
Who are Plug Power's major shareholders?
Plug Power's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.08%), Odey Asset Management Group Ltd (2.35%), Northern Trust Corp (1.13%), Geode Capital Management LLC (1.06%), Geode Capital Management LLC (1.06%) and D. E. Shaw & Co. Inc. (0.76%). Company insiders that own Plug Power stock include Andrew Marsh, George C Mcnamee, Gerard L Conway Jr, Gregory B Graves and Liquide Investissements D' Air. View Institutional Ownership Trends for Plug Power.
Which major investors are selling Plug Power stock?
PLUG stock was sold by a variety of institutional investors in the last quarter, including D. E. Shaw & Co. Inc., Bank of New York Mellon Corp, NJ State Employees Deferred Compensation Plan, New York State Common Retirement Fund, New Jersey Better Educational Savings Trust, LPL Financial LLC, Mirae Asset Global Investments Co. Ltd. and Squarepoint Ops LLC. Company insiders that have sold Plug Power company stock in the last year include Gerard L Conway Jr and Gregory B Graves. View Insider Buying and Selling for Plug Power.
Which major investors are buying Plug Power stock?
PLUG stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Odey Asset Management Group Ltd, Geode Capital Management LLC, Geode Capital Management LLC, Bruderman Asset Management LLC, Rhumbline Advisers, Bank of America Corp DE and Two Sigma Securities LLC. Company insiders that have bought Plug Power stock in the last two years include Andrew Marsh and George C Mcnamee. View Insider Buying and Selling for Plug Power.
How do I buy shares of Plug Power?
Shares of PLUG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Plug Power's stock price today?
One share of PLUG stock can currently be purchased for approximately $2.36.
How big of a company is Plug Power?
Plug Power has a market capitalization of $551.85 million and generates $174.63 million in revenue each year. The electronics maker earns $-78,110,000.00 in net income (profit) each year or ($0.36) on an earnings per share basis.
What is Plug Power's official website?
How can I contact Plug Power?
Plug Power's mailing address is 968 ALBANY-SHAKER ROAD, LATHAM NY, 12110. The electronics maker can be reached via phone at 518-782-7700 or via email at [email protected]
MarketBeat Community Rating for Plug Power (NASDAQ PLUG)
MarketBeat's community ratings are surveys of what our community members think about Plug Power and other stocks. Vote "Outperform" if you believe PLUG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PLUG will underperform the S&P 500 over the long term. You may vote once every thirty days.
